Accounting

Question 2 of 37 -13 View Policies Current Attempt in Progress Blossom Company had the following select transactions. Apr. 1, 2020 Accepted Goodwin Company's 12-month, 10%% note in settlement of : $47,800 account receivable. July 1, 2020 Loaned $49,800 cash to Thomas Slocombe on a 9-month, Bid note. Dec. 31, 2020 Accrued interest on all notes receivable Apr. 1, 2021 Received principal plus interest on the Goodwin note. Apr. 2021 Thomas Slocombe dishonored its note, Blossom expects it will eventually collect. Prepare journal entries to record the transactions. Blossom prepares adjusting entries once a year on December 21. (Credit account titles are automatically indented when amount is entered. Do not indent manually Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit 4/1/20 7/120 12/31/20 (To record interst on Goodwin Co note} 4/1/20 [To record interest on Slocombe note} v (To record collection of Goodwin Note) (To record note dishonored.) Save for Later Attempts: 0 of 1 used Submit